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Maithan Alloys Ltd.
(MAITHANALL)
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Rating:66Neutral
Price Target:
₹1,179.00
▲(17.19% Upside)
Action:Reiterated
Date:08/28/26
The score is driven primarily by solid financial resilience from a very low-debt balance sheet and healthy reported margins, offset by weak and inconsistent cash-flow conversion (including negative free cash flow in 2026). Technical indicators are broadly neutral, while valuation is supportive with a low P/E and a modest dividend yield.
Positive Factors
Very Low Leverage
Very low leverage gives Maithan Alloys a resilient financial foundation and reduces interest and refinancing pressure. The large equity base can help the company withstand ferro-alloy cycles while preserving flexibility to fund operations, capital needs, or future growth.
Negative Factors
Weak Cash Conversion
Weak conversion of reported earnings into operating cash reduces the resources available for reinvestment, dividends, and balance-sheet strengthening. Negative free cash flow also indicates that working-capital or capital-expenditure demands can materially absorb profits during the coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Very Low Leverage
Very low leverage gives Maithan Alloys a resilient financial foundation and reduces interest and refinancing pressure. The large equity base can help the company withstand ferro-alloy cycles while preserving flexibility to fund operations, capital needs, or future growth.
Read all positive factors
Maithan Alloys Ltd. (MAITHANALL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹31.79B
Dividend Yield1.56%
Average Volume (3M)3.51K
Price to Earnings (P/E)11.0
Beta (1Y)1.05
Revenue Growth0.82%
EPS Growth-59.07%
CountryIN
Employees521
SectorGeneral
Sector StrengthN/A
IndustrySteel
Share Statistics
EPS (TTM)148.95
Shares Outstanding29,111,550
10 Day Avg. Volume4,992
30 Day Avg. Volume3,510
Financial Highlights & Ratios
PEG Ratio-0.18
Price to Book (P/B)0.58
Price to Sales (P/S)1.12
P/FCF Ratio-150.83
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Maithan Alloys Ltd. Business Overview & Revenue Model
Company Description
Maithan Alloys Limited is an Indian enterprise that specializes in the manufacturing and global export of ferroalloys. Their product line encompasses essential items like ferromanganese, silicomanganese, and ferrosilicon. Beyond its core metallurg...
How the Company Makes Money
Maithan Alloys makes money primarily by manufacturing and selling ferro alloy products—especially ferro manganese and silico manganese—to customers in the steel industry. Revenue is generated from (1) domestic sales to Indian steelmakers and trade...
Maithan Alloys Ltd. Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
86
Very Positive
Cash Flow
38
Negative
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 21.73B | 18.06B | 17.29B | 28.85B | 29.17B |
| Gross Profit | 4.56B | 3.83B | 3.15B | 9.28B | 13.78B |
| EBITDA | 6.71B | 8.97B | 4.71B | 6.61B | 11.03B |
| Net Income | 4.34B | 6.30B | 3.49B | 4.99B | 8.18B |
Balance Sheet | |||||
| Total Assets | 48.94B | 48.49B | 34.68B | 31.40B | 27.51B |
| Cash, Cash Equivalents and Short-Term Investments | 17.60B | 20.39B | 18.05B | 19.68B | 9.19B |
| Total Debt | 2.37B | 5.88B | 302.10M | 197.70M | 52.00M |
| Total Liabilities | 7.35B | 10.94B | 3.25B | 3.35B | 4.27B |
| Stockholders Equity | 41.46B | 37.46B | 31.42B | 28.04B | 23.23B |
Cash Flow | |||||
| Free Cash Flow | -160.80M | 196.00M | -4.80B | 9.57B | 1.20B |
| Operating Cash Flow | 88.00M | 497.70M | -4.11B | 9.68B | 2.37B |
| Investing Cash Flow | 4.17B | -5.91B | 3.71B | -9.62B | -1.05B |
| Financing Cash Flow | -3.89B | 5.22B | -86.90M | -51.00M | -621.00M |
Maithan Alloys Ltd. Technical Analysis
Positive
1006.05
Price Trends
993.86
Positive
999.34
Positive
983.71
Positive
Market Momentum
12.67
Negative
73.40
Negative
78.14
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MAITHANALL, the sentiment is Positive. The current price of 1006.05 is above the 20-day moving average (MA) of 994.97, above the 50-day MA of 993.86, and above the 200-day MA of 983.71, indicating a bullish trend. The MACD of 12.67 indicates Negative momentum. The RSI at 73.40 is Negative, neither overbought nor oversold. The STOCH value of 78.14 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:MAITHANALL.
Maithan Alloys Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | ₹96.18B | 13.39 | ― | 0.25% | 45.22% | 45.66% | |
66 Neutral | ₹31.79B | 11.01 | ― | 1.54% | 0.82% | -59.07% | |
62 Neutral | ₹297.57B | 26.38 | ― | 0.42% | 22.76% | 21.47% | |
61 Neutral | ₹78.47B | 58.29 | ― | 0.20% | 18.17% | 13.91% | |
60 Neutral | ₹63.67B | 44.11 | ― | 0.32% | 2.00% | -65.57% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | ₹69.50B | 13.28 | ― | 0.97% | 23.64% | 46.48% |
* General Sector Average
IN:MAITHANALL
Maithan Alloys Ltd.
1,092.00
0.45
0.04%
IN:IMFA
Indian Metals & Ferro Alloys Ltd.
1,288.10
265.23
25.93%
IN:JAIBALAJI
Jai Balaji Industries Limited
69.79
-31.46
-31.07%
IN:MIDHANI
Mishra Dhatu Nigam Ltd.
418.85
42.50
11.29%
IN:SANDUMA
Sandur Manganese & Iron Ores Ltd
197.85
45.54
29.90%
IN:SHYAMMETL
Shyam Metalics & Energy Ltd.
1,066.05
125.24
13.31%
Maithan Alloys Ltd. Corporate Events
Maithan Alloys reports no demat requests for Q1 FY2026
Jul 9, 2026
Maithan Alloys Ltd. has confirmed to stock exchanges that it did not receive any requests for dematerialization of shares during the quarter from April 1, 2026 to June 30, 2026. As a result, the company was not required to destroy, mutilate, or ca...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.